Article Publication Date:
4/12/2005
Summary:
According to an analysis of 15 large lenders by the National Community Reinvestment Coalition, \"African-Americans were nearly three times as likely as whites to take out higher-cost subprime mortgages in 2004,\" reported USA TODAY. The study is based on data that lenders recently began releasing to comply with new rules under the Home Mortgage Disclosure Act.
Topics:
Housing
Types/Tools:
Populations:
N/A
Sources:
USA Today
Programs/Initiatives:
N/A
States:
Keywords:
N/A
mortgages; homeownership; minorities; low-income; National Community Reinvestment Coalition; Home Mortgage Disclosure Act; HMDA
Contact
Pamela Robertson
pamela.robertson@unh.edu
Phone:
970-377-0706
Short URL: http://www.advancingstates.org/node/50565